Mobikwik - Are wallets still a thing?

The Indian fintech landscape is highly dynamic, with UPI dominating payments. Companies must adapt or diversify to remain relevant.

Focus on fintech companies with robust and diversified business models, strong user bases for UPI, and successful cross-selling of financial products.

For Indian markets, this story mainly matters for , PAYTM and the banking pocket. The current signal is mixed, so traders should look for follow-through in price, volume, and sector breadth instead of reacting to the headline alone.

Watch whether the next market session confirms the setup described here: Struggling with traditional wallet business but pivoting to other financial services like BNPL. Mentioned as a competitor in the 'Great eWallet wars', also pivoted to UPI and other financial services. Also track volume confirmation, sector participation, and whether the move holds beyond the first reaction.

• •Mobikwik and other e-wallets struggled after the launch and success of UPI.
• •Wallet apps have pivoted to facilitating UPI payments and cross-selling other financial services.
• •Mobikwik's services include payment services, BNPL, credit cards, and fixed deposits.
• •Risk flag: Intense competition in fintech
• •Risk flag: Regulatory changes impacting BNPL or other services